The answer to getting halves, $2 bills and $1 coins circulating?
malanu...@aol.com
on another thread, but I wanted to create one directed solely on what
most people consider "odd money".
I really think that the way to get halves, $1 coins and $2 bills to
circulate, is to have vending machines upgraded to BOTH accept and
dispense all three denominations. Most people are not willing to go
out of their way, to go to the bank to order or ask for these oddies,
but, if self-checkouts and other vending machines dispensed these
three denominations, I believe that they would all circulate.
Even if most people especially hate the half dollar, claiming its "too
big and heavy" I'm sure if machines dispensed them, people would use
them, just to get rid of them. But I'd say that, within a couple
years, a half (and the $1 coin, for that matter), would be treated
just the same as a quarter. People would get used to halves again, and
now, with all of these new vending machines, half dollar circulation
could easily increase if the machines took them. Actually though, even
though people say that the general public does not want halves, I get
them a lot from a local 7 Eleven worker, who usually gets halves in
his till from people, quite frequently. So this points out that, they
are obviously still being used, and some people obviously still want
them. And even if the gap between a quarter and a half, and/or a half
and a dollar, is not too big the half could still save the government
money on minting less quarters, if embraced properly. I think there is
a decent ammount of people out there, who find a convenience of
carrying a half over two quarters, especially if they get more change.
If I broke a dollar to buy a 25 cent pack of gum, I'd rather get a
quarter and a half back in change, than I would, three quarters.
The same thing goes with $1 coins and $2 bills. Get vendors to retool
to accept, AND dispense them, and they will circulate.
Does anyone know how I could write to the vending industry, about
these suggestions? Or where I can find an address?
"Roßert G. Schaffrath"
> I really think that the way to get halves, $1 coins and $2 bills to
> circulate, is to have vending machines upgraded to BOTH accept and
> dispense all three denominations.
I figure if a vending machine is upgraded to support $2 bills then it
will most likely be upgraded to cost $2 to purchase the item it is
selling. Net result is no need to dispense change.
Bruce Remick
<malanu...@aol.com> wrote in message
news:d4f5512b-32db-4240...@b41g2000pra.googlegroups.com...
>I have really been thinking about this, and I also touched the subject
> on another thread, but I wanted to create one directed solely on what
> most people consider "odd money".
>
> I really think that the way to get halves, $1 coins and $2 bills to
> circulate, is to have vending machines upgraded to BOTH accept and
> dispense all three denominations. Most people are not willing to go
> out of their way, to go to the bank to order or ask for these oddies,
> but, if self-checkouts and other vending machines dispensed these
> three denominations, I believe that they would all circulate.
Here's where the proposal for a $2 coin might get more attention than one
for a redesigned $2 bill.
>
> Even if most people especially hate the half dollar, claiming its "too
> big and heavy" I'm sure if machines dispensed them, people would use
> them, just to get rid of them.
That's not a very good argument for the half dollar. Make them available
because people would use them just to get rid of them. I don't believe at
all that people "hate" the half dollar. At least half of the population
probably too young to have ever seen them circulate. If people started to
receive them routinely in change, they would likely include them among their
pocket spending change without much thought. Same with dollar coins.
> But I'd say that, within a couple
> years, a half (and the $1 coin, for that matter), would be treated
> just the same as a quarter. People would get used to halves again, and
> now, with all of these new vending machines, half dollar circulation
> could easily increase if the machines took them.
That's correct. Poeple likely would get used to them, but they don't
actually "need" them to the extent that half dollars should be minted for
general circulation again.
> Actually though, even
> though people say that the general public does not want halves, I get
> them a lot from a local 7 Eleven worker, who usually gets halves in
> his till from people, quite frequently. So this points out that, they
> are obviously still being used, and some people obviously still want
> them.
All this does is reinforce the stereotype that many who shop at 7 Elevens
are those who will grovel for whatever change they can come up with to get
that 24oz can of beer for lunch. People don't necessarily want halves, they
just want 50 cents. A 7 Eleven till is probably a great place to check for
old coins. Keep on good terms with you local friend.
And even if the gap between a quarter and a half, and/or a half
> and a dollar, is not too big the half could still save the government
> money on minting less quarters, if embraced properly. I think there is
> a decent ammount of people out there, who find a convenience of
> carrying a half over two quarters, especially if they get more change.
> If I broke a dollar to buy a 25 cent pack of gum, I'd rather get a
> quarter and a half back in change, than I would, three quarters.
Hey, with all the proposed new quarter designs taking us into the next
decades, you suggest it would be good to mint LESS quarters? Maybe not a
good argument to offer your Congressman. And I for one would prefer to have
three quarters.
>
> The same thing goes with $1 coins and $2 bills. Get vendors to retool
> to accept, AND dispense them, and they will circulate.
Keep in mind that all of our lives are not centered around vending machines.
They charge even more than the 7 Elevens.
RWF
"Bruce Remick" <rem...@cox.net> wrote in message
news:LB38l.79844$ly1....@newsfe19.iad...
> That's correct. Poeple likely would get used to them, but they don't
> actually "need" them to the extent that half dollars should be minted
> for general circulation again.
Instead of using the quarter for the National Parks series, the half
should be used instead.
At least that would raise public awareness of the coin.
It's curious that the half has fallen into disuse.
Growing up in the 50s, I received half dollars all the time and a half a
buck was worth a heck of a lot more in those days.
Get a roll or 2 of "junk" silver halves and you will find well-worn
examples.
Bruce Remick
"RWF" <R...@2009.invalid> wrote in message
news:gjqhre$qjg$1...@news.motzarella.org...
I grew up with them, too. Nobody seemed to be concerned with its size.
Maybe an argument could have been made for the half dollar to be resurrected
for the National Parks series, what with it's larger format, leaving the
quarters availble for other pet designs.
As an aside, I was reading a description of the Native American $1 Coin Act
which will result in new annual reverse designs on the Sacagawea dollar
representing important American Indians and their contributions. Got me to
thinking how presumptuous and arrogant it is of us to look for Native
American contributions to OUR society, when it should probably be the other
way around. What did immigrant Americans contribute to the existing Native
American societies? I doubt the answer would require many coin designs.
Peeve off.
Mr. Jaggers
How about one coin type for each contagion, social or otherwise, brought to
the Western Hemisphere? At five per year, that'd take us out to, oh, around
2210.
James
note.boy
I read somewhere that the arrival of the white man to North America reduced
the native American population from 5m to 500,000 due to disease and
genocide.
The Native Americans should have killed every invader as soon as they landed
ashore, hindsight is a wonderful thing.
The bison population did not fare too well either. Billy
Bruce Remick
"note.boy" <note...@naespamntlworld.com> wrote in message
news:mk78l.29962$xX7....@newsfe13.ams2...
You should have continued on to read about Central and South America.
>
> The Native Americans should have killed every invader as soon as they
> landed ashore, hindsight is a wonderful thing.
Not that Europeans meant to come to America as invaders. They just sort of
wanted to be in control of things once they got here.
>
> The bison population did not fare too well either. Billy
But just look at the fantastic casinos that Native Americans have provided
for the rest of us. No small accomplishment. Maybe that will be featured
on the reverse of a future Sac dollar.
RWF
> landed ashore, hindsight is a wonderful thing.
Genocide?
malanu...@aol.com
> <malanutt4l...@aol.com> wrote in message
>
> news:d4f5512b-32db-4240...@b41g2000pra.googlegroups.com...
>
> >I have really been thinking about this, and I also touched the subject
> > on another thread, but I wanted to create one directed solely on what
> > most people consider "odd money".
>
> > I really think that the way to get halves, $1 coins and $2 bills to
> > circulate, is to have vending machines upgraded to BOTH accept and
> > dispense all three denominations. Most people are not willing to go
> > out of their way, to go to the bank to order or ask for these oddies,
> > but, if self-checkouts and other vending machines dispensed these
> > three denominations, I believe that they would all circulate.
>
> Here's where the proposal for a $2 coin might get more attention than one
> for a redesigned $2 bill.
>
I understand this, but what I was reffering to, was how self-checkouts
dispense bills as change, so, they could be made to dispense $2 bills
as well, at least, until $2 bills are eliminated for $2 coins. I'm
still not 100% sure if I should suggest a $2 coin as of yet, seeing
as, most people don't even want a $1 coin. I'm wondering how much
longer we should have $2 bills, after the $1 bill goes.
>
>
> > Even if most people especially hate the half dollar, claiming its "too
> > big and heavy" I'm sure if machines dispensed them, people would use
> > them, just to get rid of them.
>
> That's not a very good argument for the half dollar. Make them available
> because people would use them just to get rid of them. I don't believe at
> all that people "hate" the half dollar. At least half of the population
> probably too young to have ever seen them circulate. If people started to
> receive them routinely in change, they would likely include them among their
> pocket spending change without much thought. Same with dollar coins.
>
I didn't exactly mean it that way. I just meant that, if you don't
want to carry the havles, you could just spend them. I should have
worded that better. I'm not saying I want to force people to want to
spend them, athough I support vending machines dipensing them, to sort
of force people to at least circulate them, as they choose to spend
them.
> > But I'd say that, within a couple
> > years, a half (and the $1 coin, for that matter), would be treated
> > just the same as a quarter. People would get used to halves again, and
> > now, with all of these new vending machines, half dollar circulation
> > could easily increase if the machines took them.
>
> That's correct. Poeple likely would get used to them, but they don't
> actually "need" them to the extent that half dollars should be minted for
> general circulation again.
Just because people don't need them too much, doesn't mean some people
won't find a covenience for them.
> > Actually though, even
> > though people say that the general public does not want halves, I get
> > them a lot from a local 7 Eleven worker, who usually gets halves in
> > his till from people, quite frequently. So this points out that, they
> > are obviously still being used, and some people obviously still want
> > them.
>
> All this does is reinforce the stereotype that many who shop at 7 Elevens
> are those who will grovel for whatever change they can come up with to get
> that 24oz can of beer for lunch. People don't necessarily want halves, they
> just want 50 cents. A 7 Eleven till is probably a great place to check for
> old coins. Keep on good terms with you local friend.
>
I do plan on keeping on good terms with the 7 Eleven guy, but I have
already told him about what dates to look for, for silver coins, and I
will also point them out and tell him about them, if he recieves any.
I'm not going to rip off out cheat out a friend. In fact, he recently
had an Ike dollar coin recently, and I asked him if he wanted to buy
it, or otherwise, sell it to me, and he told me that he usually only
saves them, if he has the money to buy them. This guy doesn't have a
lot of money. I even sold him a 32 subject sheet of $2 bills I wanted
to sell, for $70 because he is my friend, and he paid me in payments
for the sheet, and he got the goods before he paid in full, because I
trusted him, and he did pay me in full, through payments. I'm not
about to rip someone off who I trust, and who trusts me.
> And even if the gap between a quarter and a half, and/or a half
>
> > and a dollar, is not too big the half could still save the government
> > money on minting less quarters, if embraced properly. I think there is
> > a decent ammount of people out there, who find a convenience of
> > carrying a half over two quarters, especially if they get more change.
> > If I broke a dollar to buy a 25 cent pack of gum, I'd rather get a
> > quarter and a half back in change, than I would, three quarters.
>
> Hey, with all the proposed new quarter designs taking us into the next
> decades, you suggest it would be good to mint LESS quarters? Maybe not a
> good argument to offer your Congressman. And I for one would prefer to have
> three quarters.
>
I wish they'd stop these quarter designs already, for a while, but I
guess the National Park quarter legislation passed?
>
Bruce Remick
<malanu...@aol.com> wrote in message
news:17f23d13-e8eb-4de7...@k36g2000pri.googlegroups.com...
On Jan 4, 9:21 am, "Bruce Remick" <rem...@cox.net> wrote:
> <malanutt4l...@aol.com> wrote in message
>
> news:d4f5512b-32db-4240...@b41g2000pra.googlegroups.com...
>
> >I have really been thinking about this, and I also touched the subject
> > on another thread, but I wanted to create one directed solely on what
> > most people consider "odd money".
>
> > I really think that the way to get halves, $1 coins and $2 bills to
> > circulate, is to have vending machines upgraded to BOTH accept and
> > dispense all three denominations. Most people are not willing to go
> > out of their way, to go to the bank to order or ask for these oddies,
> > but, if self-checkouts and other vending machines dispensed these
> > three denominations, I believe that they would all circulate.
>
> Here's where the proposal for a $2 coin might get more attention than one
> for a redesigned $2 bill.
>
I understand this, but what I was reffering to, was how self-checkouts
dispense bills as change, so, they could be made to dispense $2 bills
as well, at least, until $2 bills are eliminated for $2 coins. I'm
still not 100% sure if I should suggest a $2 coin as of yet, seeing
as, most people don't even want a $1 coin. I'm wondering how much
longer we should have $2 bills, after the $1 bill goes.
_____________
Now you're questioning your own ideas! Many would say we already no longer
have $2 bills, considering you usually have to make a special effort to
obtain any. But I didn't expect to see YOU doubting a continued need for
them, what with your updated design proposals.
>
>
> > Even if most people especially hate the half dollar, claiming its "too
> > big and heavy" I'm sure if machines dispensed them, people would use
> > them, just to get rid of them.
>
> That's not a very good argument for the half dollar. Make them available
> because people would use them just to get rid of them. I don't believe at
> all that people "hate" the half dollar. At least half of the population
> probably too young to have ever seen them circulate. If people started to
> receive them routinely in change, they would likely include them among
> their
> pocket spending change without much thought. Same with dollar coins.
>
I didn't exactly mean it that way. I just meant that, if you don't
want to carry the havles, you could just spend them. I should have
worded that better. I'm not saying I want to force people to want to
spend them, athough I support vending machines dipensing them, to sort
of force people to at least circulate them, as they choose to spend
them.
_________
It seems many people don't like to carry pennies, so they just don't. Most
don't always consider spending them as a simple solution, unless maybe they
just received a couple in change and are making another purchase for $5.02.
Otherwise, they dump them in a jar when they get home. Likewise, anyone who
happened to receive a couple of half dollars in change but didn't want to
carry them probably would not look for a place to spend them just to use
them. Rather, they simply would not leave home with them the next day. Two
more coins for the change jar.
Quarters seem to be entrenched today as our most handy and useful coin
denomination that people don't mind carrying with them when they leave home
each day. Used to be pennies through halves.
> > But I'd say that, within a couple
> > years, a half (and the $1 coin, for that matter), would be treated
> > just the same as a quarter. People would get used to halves again, and
> > now, with all of these new vending machines, half dollar circulation
> > could easily increase if the machines took them.
>
> That's correct. Poeple likely would get used to them, but they don't
> actually "need" them to the extent that half dollars should be minted for
> general circulation again.
Just because people don't need them too much, doesn't mean some people
won't find a covenience for them.
__________
You're sounding a bit too much like Yogi Berra there.
malanu...@aol.com
Well, Daniel Carr did tell me that, he thinks a new $2 coin would be
more likely than a redesigned $2 bill, so I figured, I'm not so sure
if I should push for new $2 bills, because new $2 coins would be a
better solution. However, I'm not sure if they should come out with a
$2 coin right away, because I figure, people might start using $2
bills as a "paper alternative" if the $1 bill is eliminated, then at
least, if the $2 bill eventually goes as well, people will have gotten
used to the idea of a circulating $2 "denomination" and I just had the
feeling that, if the U.S. government just rushes into eliminating the
$1 and $2 bills at the same time, in favor of coins, most people might
just think about a $2 coin as another form of the $2 bill, and not use
it, since they never got a chance to get used to a convenient form of
the $2 denomination, the $2 bill. (Even though $2 coins would be at
least somewhat more convenient than carrying four $1 coins)
>
> I didn't exactly mean it that way. I just meant that, if you don't
> want to carry the havles, you could just spend them. I should have
> worded that better. I'm not saying I want to force people to want to
> spend them, athough I support vending machines dipensing them, to sort
> of force people to at least circulate them, as they choose to spend
> them.
> _________
>
> It seems many people don't like to carry pennies, so they just don't. Most
> don't always consider spending them as a simple solution, unless maybe they
> just received a couple in change and are making another purchase for $5.02.
> Otherwise, they dump them in a jar when they get home. Likewise, anyone who
> happened to receive a couple of half dollars in change but didn't want to
> carry them probably would not look for a place to spend them just to use
> them. Rather, they simply would not leave home with them the next day. Two
> more coins for the change jar.
Well hey, at least Coin Star is prepared for if the half circulates
again. They retooled their machines to take halves and $1 coins. I
remembered when they only took pennies, nickels, dimes and quarters.
(Wonder how quick they'd retool for $2 and even $5 coins if they came
out with them)
>
> Quarters seem to be entrenched today as our most handy and useful coin
> denomination that people don't mind carrying with them when they leave home
> each day. Used to be pennies through halves.
Maybe if the half started circulating widely again, due to inflation,
the half may displace the quarter, even though it would not replace
the quarter. Halves may take the place of quarters, and quarters may
take the place of dimes (but hey, if this did work out, maybe the dime
would take the place of the nickel, and the nickel would take the
place on the penny, and the penny could just get the boot after this
year is over.
Bruce Remick
<malanu...@aol.com> wrote in message
news:a25ed4b5-4db0-4ac5...@s9g2000prg.googlegroups.com...
_________
I'm not sure. The quarter is handy for items priced at $X.25, .50, or .75,
especially in vending machines, where no change is desired. The half dollar
is limited in this regard. It's not so much the deflated purchasing power
of the half dollar, per se. It's more about the convenience of the 25¢
denomination. I'd use halves if I received them in change, only because I
used to and I kinda liked carrying a hefty coin once in a while. I'll
admit, one half dollar used to buy me lunch or even a cheap dinner, so
there's a nostalgia factor there, too, in my case.
I'd guess that if the penny were to be "retired" after the latest
commemoratives, we would have heard something along those lines by now from
someone who matters.
RWF
> I'd guess that if the penny were to be "retired" after the latest
> commemoratives, we would have heard something along those lines by now
> from someone who matters.
The penny isn't going away anytime soon, IMO.
The public wants it, despite it being nearly worthless.
Another 20 years of inflation will probably do it in though.
note.boy
"RWF" <R...@2009.invalid> wrote in message
The buying power of the one cent coin in 1909 is about the same as the
buying power of the 25 cent coin now, the one cent coin should have gone
many years ago. Billy
Bruce Remick
That's just about right, according to the current price of a gum ball and
mailing a postcard.
Michael Benveniste
> The same thing goes with $1 coins and $2 bills. Get vendors to retool
> to accept, AND dispense them, and they will circulate.
>
> Does anyone know how I could write to the vending industry, about
> these suggestions? Or where I can find an address?
You can try writing to the National Automatic Merchandising Association.
http://www.vending.org/about/contact.php
But then, according to a press release from that group, they already
do support a shift to the dollar coin:
http://www.vending.org/about/article.php?id=178
The original AJC article referred to is here:
http://www.ajc.com/opinion/content/opinion/stories/2008/11/30/minitered_1130.html
At the present size and weight, I feel the half dollar is a lost
cause. Even when coins were specie, there wasn't much reason
to carry a half instead of two quarters. Half dollars stopped
circulating soon after the switch to fiat money; whether it was
due to inflation, hoarding of Kennedy halves, or some other
reason I'll leave to the historians.
--
Michael Benveniste -- m...@murkyether.com (Clarification required)
Nid wif yn y swyddfa ar hyn o bryd. Anfonwch ar unrhyw waith ïw
gyfieithu.
Duh_OZ
> I really think that the way to get halves, $1 coins and $2 bills to
> circulate, is to have vending machines upgraded to BOTH accept and
> dispense all three denominations.
Start with the newspaper machines. "Use any denomination except
pennies". Then why don't they take a ^*)%^ half! A 50 cent paper
machine not accepting a half buck, why not? Since they don't give
change a buck coin wouldn't be of much use (except for a Sunday
paper). I do have a street vendor I pay with a 50 cent piece,
assuming I can buy the paper and still make the light.
OZ, still only knowing of two places that accept $2 in the machines
(Home Depot and CTA).
Dave Allured
It's bad economic policy to circulate halves and $2 bills. Inflation
has surpassed both of those. The US needs to drop the paper $1 and $2
bills, and the penny and nickel. Just use dimes, quarters, dollar
coins, and $5 coins; and I am no longer sure about the dimes.
Your best chance for sled dogs on circulating money would be to ask
congress to make a quarter series for them.
--Dave
les.p...@gmail.com
Sled dogs... what's next, Presidential pets over the years?
I have agreed with the National Park series up to now, but I am
beginning
to think twice, if only to conserve space on my Whitman bookshelf.
--
Les
http://life-of-coins.blogspot.com/